Etsy
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Fitbit’s Post-Smartwatch Announcement Crash Marches On, Dropping Another 10%
Fitbit is already not having a good week. After unveiling a new smartwatch at CES last week, the stock tanked 18% over the course of the day. But things have only gotten worse for the fitness tracking device-focused company, with its shares dropping another 10% in trading today. The stock fell as much as 13% during the day, bringing it to an all-time low. As we noted last week, this seems to be… Read More
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Etsy Meets Expectations In Q3, Stock Drops 8% After Hours
Following trading today, Etsy reported its Q3 financial performance, including revenue of $66 million, and earnings loss per share of $0.06. The Street expected Etsy to lose $0.06 per share, off revenue of around $66.17 million. So that’s a “met expectations.” The company reported 1.5 million active sellers and 22.6 million active buyers. The company was up 3.18 percent… Read More
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Etsy Launches A Same-Day Delivery Service For The Holidays, But It’s Pricey
Everyone wants to offer same-day delivery these days, and apparently, the artisan marketplace Etsy is no exception. Today, Etsy announced the debut of a new pilot program called Etsy ASAP, which allows Etsy shoppers on web and mobile the ability to request same-day and next-day deliveries from sellers in the New York City metro area, for an additional fee. Read More
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Etsy’s Pulling The Plug On Grand St. At The End Of This Month
When Etsy bought Grand St. last April, the plan was to let Grand St. continue to operate its maker marketplace for tech hardware. But that’s about to change. At the end of this month, Grand St. will stop processing orders and on October 1, listings on the site will become inactive. At that point, Grand St.’s site will just be a gallery of content and photos. That’s… Read More
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Etsy CTO On Its Conservatively Crafty Tech Philosophy
The online artisans’ marketplace sells some unique products and has some unusual needs when it comes to IT. The company sets itself apart in a number of ways. Instead of using cloud services like many young organizations, it mostly shuns them preferring to bring as much as possible in-house. Etsy, which recently had a hugely successful IPO, is remarkably conservative in some ways, yet… Read More
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While Silicon Valley grabs attention as the center of the tech universe and birthplace for some of the biggest startups, the most recent growth data shows that the NYC tech boom is living up to its own Silicon Alley hype.